ProfitScout
1 año hace
$WTII News: Water Technologies International, Inc. Signs Letter of Intent to Acquire Orchard 79 a Residential Community with 87 Single Family Homes to Bolster its Balance Sheet with its Preferred Shares
Water Technologies Looks to Bolster its Balance Sheet by acquiring 51% of an Estimated 40 Million Dollar Residential Community. The Homes will be Rented with a Projected Two Million Dollar Gross Annual Rental income.
PORT ST. LUCIE, FL / ACCESSWIRE / February 15, 2024 / Water Technologies International, Inc. (OTC Markets Pink Sheets:WTII - News) the leader in the technology in atmospheric water generator's production and design and water treatment, announced today, the letter of intent to acquire a 51% interest in Orchard 79, LLC., a 87 home community of single family homes that will generate approximately $2 Million dollars in revenue per annum. Water Technologies will issue new Preferred Series E shares for newly issues ownership in the real estate project.
The Orchard 79 community is several months away from completion and has completed 52 homes so far. Orchard 79, LLC., will seek permanent financing of approximately $25 million dollars, leaving significant equity in the project. The Parties are in the stages of reaching a definitive agreement and expect to complete the transaction in the next thirty days. Orchard 79 will have an option of a spin out to a real-estate public company, or a REIT after an agreed upon time frame.
Water Technologies, Inc.'s CEO, William Scott Tudor, said, "I believe this what Water Technologies needs, is a solid asset with predictable revenue to bolster our balance sheet. Real estate in California continues to appreciate and demand for leasing single family homes is solid as the prices continue to rise. I believe this will aid in additional acquisitions of a similar revenue generating assets."
Orchard 79, LLC.,'s President, Dan Bailey, said "I am extremely excited to join the public company realm, this gives me the opportunity to expand the valuation of Orchard 79. I look forward to working with Water Technologies as a public company. I can see how this new relationship will open new doors for this development and possibly other communities we are developing."
Tequila Dios Azul LOI update.
The Letter of Intent between Water Technologies and Tequila Dios Azul. LLC., has expired as of December 31st, 2023. The Companies did not come to a final definitive agreement. Dios Azul Tequila continues to expand its product distribution capabilities.
A video showing the proof-of-concept prototype is available at the company's website, http://www.gr8water.net
For a direct link to a copy of the company's product information "Slick Sheets" visit our website at: http://www.gr8water.net/products/product-slick-sheets.
About the Company Water Technologies International, Inc., and its wholly owned subsidiaries, GR8 Water, Inc. (Great Water) and Aqua Pure International, Inc. (Specializing in Filtration Systems) are engaged in the manufacture and distribution of technologically advanced Atmospheric Water Generators (AWG). These unique devices utilize a patented system to produce clean, great-tasting, safe water from the humidity in the air. GR8 Water makes freestanding water factory units for the home or office and large, industrial-sized water units using a modular design that can produce up to thousands of gallons of water each day from ambient air. GR8 Water strives to make safe drinking water available to everyone on the planet, making the world a better place in which to live while nurturing the environment. The Company has patents issued by the USPTO. Its "Water village" trademark has been issued by the USPTO.
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
For Further Information Contact:
Investor Relations for Water Technologies Intl., Inc.
William S Tudor, CEO
wstudor58@gmail.com
SOURCE: Water Technologies International, Inc.
ProfitScout
2 años hace
$WTII News: Water Technologies International, Inc. Signs Letter of Intent to Acquire Dios Azul a Premium Tequila Brand
Dios Azul is Distilled in the Highlands of Puerto de Hierro in Jalisco Mexico and has a product line that includes, Blanco, Reposado, Plata Premium and Anejo Tequilas.
PORT ST. LUCIE, FL / ACCESSWIRE / September 12, 2023 / Water Technologies International, Inc. (OTC PINK:WTII) the leader in the technology in atmospheric water generator's production and design and water treatment, announced today, that it has signed an agreement with Tequila Dios Azul. LLC., a Delaware company based in California. Dios Azul Tequila is produced in Jalisco, Mexico and imported to California. Jalisco, Mexico, the town of Tequila, was the site of the state's first tequila factory, established in 1600. Tequila, made from the juice of the blue agave cactus, grown in the Highlands of Perto de Hierro is Jalisco's best-known product. A fifth-generation family of Tequila distillers produces Dios Azul. The Company is working on registering trademarks and labeling for the sale of its Tequila Brands in several States. The Company was approved for licensing in California and should be licensed in Arizona, soon.
Tequila Dios Azul website: https://www.drinkdiosazul.com
Water Technologies, Inc.'s CEO, William Scott Tudor, said, "I am excited about Dios Azul a new Premium Tequila Brand that has been very well received in California, and we expect it to become popular in several other States. Being a new Tequila in the beverage industry is extremely exciting. Our previous contacts in the beverage industry get excited when you start talking about a premium quality Tequila Brand with several skus. We need to increase and diversify our revenue growth. We hope to acquire another company with existing sales and distribution so we can insure traction for our water and other products over the next few years."
Dios Azul, LLC.'s President, Robert Laird, said "I am extremely excited to leverage our premium Brand of Tequilas with a public company. I can see this new relationship will open doors for our growing company. We produce high quality tequilas that are made from the Blue Agave grown in the Highlands of Puerto de Hierro in Jalisco, Mexico.
A video showing the proof-of-concept prototype is available at the company's website, http://www.gr8water.net
For a direct link to a copy of the company's product information "Slick Sheets" visit our website at: http://www.gr8water.net/products/product-slick-sheets.
About the Company Water Technologies International, Inc., and its wholly owned subsidiaries, GR8 Water, Inc. (Great Water) and Aqua Pure International, Inc. (Specializing in Filtration Systems) are engaged in the manufacture and distribution of technologically advanced Atmospheric Water Generators (AWG). These unique devices utilize a patented system to produce clean, great-tasting, safe water from the humidity in the air. GR8 Water makes freestanding water factory units for the home or office and large, industrial-sized water units using a modular design that can produce up to thousands of gallons of water each day from ambient air. GR8 Water strives to make safe drinking water available to everyone on the planet, making the world a better place in which to live while nurturing the environment. The Company has patents issued by the USPTO. Its "Water village" trademark has been issued by the USPTO.
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
For Further Information Contact:
Investor Relations for Water Technologies Intl., Inc.
William S Tudor, CEO
studor@gr8water.net
SOURCE: Water Technologies International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/783218/water-technologies-international-inc-signs-letter-of-intent-to-acquire-dios-azul-a-premium-tequila-brand
ProfitScout
2 años hace
$WTII News: Water Technologies International, Inc. Looks to Unwind the Water Zone Acquisition
WEST PALM BEACH, FL / ACCESSWIRE / June 2, 2023 / Water Technologies International, Inc. (OTC Markets Pink Sheets:WTII - News) the leader in the technology in atmospheric water generator's production and design announced today that it has decided to unwind Water Zone, its wholly owned subsidiary. The Company provides commercial water treatment to Hospitals, condominiums, car washes, and large manufacturers, and delivers DI resin tanks to companies throughout Florida. Water Zone has fallen under pressure from rising debt and shrinking profit margins. Over the past few years, the Company has had to deal with the COVID-19 pandemic, rising costs due to issues with supply chains, labor shortages, fuel prices, inflation, and late-paying customers. The Company had been winning contracts but by the time the work orders were completed the rising costs and legacy obligations eroded the margins and left the wholly owned subsidiary insolvent.
The Water Zone's debt has continued to grow and left the subsidiary unable to continue in its current state. Water Technologies will continue with our atmospheric water generators and look for another subsidiary in a different sector with higher profit margins and that is less labor intensive."
For more information on Water Technologies International, Inc., go to http://www.OtcMarkets.com for the company's current financial statements and disclosure statements.
A video showing the proof-of-concept prototype is available at the company's website, http://www.gr8water.net
For a direct link to a copy of the company's product information "Slick Sheets" visit our website at: http://www.gr8water.net/products/product-slick-sheets .
About the Company
Water Technologies International, Inc., and its wholly owned subsidiaries, GR8 Water, Inc. (Great Water) and Aqua Pure International, Inc. (Specializing in Filtration Systems) are engaged in the manufacture and distribution of technologically advanced Atmospheric Water Generators (AWG). These unique devices utilize a patent pending air purification input system to produce clean, great-tasting, safe water from the humidity in the air. GR8 Water makes freestanding water factory units for the home or office and large, industrial-sized water units using a modular design that can produce up to thousands of gallons of water each day from ambient air. GR8 Water strives to make safe drinking water available to everyone on the planet, making the world a better place in which to live while nurturing the environment. The Company has patents issued by the USPTO and has filed for additional patents with the USTPO. It had also been filed globally through the Patent Cooperation Treaty. Its "Water village" trademark has been issued by the USPTO.
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
For Further Information Contact:
Investor Relations for Water Technologies Intl., Inc.
William S, Tudor, CEO
772-335-5550
SOURCE: Water Technologies International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/758894/Water-Technologies-International-Inc-Looks-to-Unwind-the-Water-Zone-Acquisition
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